BankAtlantic Bancorp, Inc. · Fort Lauderdale, FL United States ·(NYSE: BBX)
Company Description
Phone: 954-940-5000
Fax: 954-940-5250
View BankAtlantic Bancorp, Inc. Locations On A US Map
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This link will open in a new window BankAtlantic Bancorp has an ocean of ideas about what to do with your money. The company owns BankAtlantic, which operates more than 100 branches in Florida, with a focus on the Miami and Tampa metropolitan areas. Residential real estate loans make up more than 45% of BankAtlantic's loan portfolio; commercial real estate loans add nearly 20% more. The bank also makes a variety of business and personal loans. Holding company
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Key BankAtlantic Bancorp, Inc. Financials
| Company Type | Public - NYSE: BBX Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $311.4 |
| 2008 Employees | 1,847 |
BankAtlantic Bancorp, Inc. Executives
28 executives listed for BankAtlantic Bancorp, Inc.'s Fort Lauderdale, FL location.
| Title | Name & Bio | Contact |
| Chairman and CEO; Chairman, BankAtlantic | Alan Levan | Network |
| Vice Chairman, BankAtlantic Bancorp and BankAtlantic | John Abdo | Network |
| President and Director; President and CEO, BankAtlantic | Jarett Levan | Network |
Competition
Competitive Landscape for BankAtlantic Bancorp, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top BankAtlantic Bancorp, Inc. Competitors
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